Remain flat | 05 Junio 2018

05 Junio 2018, USD/JPY

Remain flat

Technical observation

USD/JPY is on an upward trend with three retracements at a support zone 108.72-108.50,if longed the pair last week on the last retracement to the zone, remain in the trade with your ideal target at 110.94,if you had not bought it yet i would advise you remain flat and wait for either a retracement to 108.72-108.50 then long the pair within it, or wait for a breakout above 110.94 followed by a retracement to it then long USD.I expect a bullish momentum towards 110.94 and even a breakout above it for a further rise in price towards 113.59.Short positions may only be recommended in case of a clear breach below108.50.

Technical levels

Resistance levels

R1.109.83

R2.110.14

R3.110.84

Pivot

109.43

Support levels

S1.109.12

S2.108.72

S3.108.02

Trade signal

Remain flat.

101% Double the volume

!Attention!
All bonus participates in drawdown!
More detailed

FreshForex cancels commissions!

Imelda Maseno
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.